Blackline Safety initiated with an Outperform at RBC Capital

RBC Capital initiated coverage of Blackline Safety (BLKLF) with an Outperform rating and C$9 price target which implies a 37% return on the shares. The firm says Blackline is a pioneer of connected employee safety solutions. The company’s growth momentum will continue with connected safety devices shifting from compliance purchases to productivity-enhancing investments, the analyst tells investors in a research note.